Rama Steel Tubes Limited has informed the Exchange about Restructuring.
RAMASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rama Steel Tubes Limited held its Board meeting on May 30, 2026, approving multiple items including audited financial results for FY2026. Standalone revenue from operations was Rs 9,543.34 lakhs with PBT of Rs 1,942.49 lakhs, while consolidated revenue stood at Rs 11,241.19 lakhs with PBT of Rs 1,744.55 lakhs. The Board approved the strike-off of Rama Defence Private Limited, a dormant wholly-owned subsidiary with zero revenue and net worth of just Rs 18,000. The company also appointed Mr. Sumit Sharma as Internal Auditor for FY 2026-27. Additionally, the registered office will shift within Delhi while the corporate office moves to Noida. The company's stake in associate Bigwin Buildsys was diluted from 24.80% to 9.32% following a preferential issue.
The subsidiary strike-off and associate dilution are minor restructuring actions with no material impact on revenue or business operations. However, the income tax department has raised a draft assessment order proposing additional tax demand of Rs 71.96 crores vs returned income of Rs 22.48 crores, which remains pending before the Dispute Resolution Panel.